The Components of Strengths and Weaknesses Are Often Considered as Which

question 15

Multiple Choice

The components of strengths and weaknesses are often considered as which part of the situational analysis:

• A)external to the organization
• B)internal to the organization
• C)both internal and external to the organization
• D)not part of the situational analysis

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Definitions:

Revenue Curves

Graphical representations that show how a firm's revenue changes in response to changes in price, holding other factors constant.

Total Revenue

The overall amount of money earned by a company from the sale of its goods or services, calculated as the price per unit times the number of units sold.

Price Charged

Price charged refers to the amount of money levied on a product or service by a seller, which the buyer must pay to complete the transaction.

Total Revenue Curve

A graphical representation showing how total revenue changes as the quantity sold of a good or service varies, holding all else constant.